This is a smart solution. I am guessing the it uses the source coil as a pulser coil also. Just think of the source coil as a big pulser coil.
Using a AC sine wave produced by a magneto and a reference voltage (say 5 volts) to trigger pulse.
Yeah, sounded pretty good to me..
I've got heaps of bikes that this would fit (IT400C's coming out of my arsehole, + an MX400B), and while the pulsers are all good on my ride bikes, and I do have a stockpile of NOS Pulsers ready as required, I figured it was worth trying one..
And definitely worth buying one to support someone prepared to think outside the box and make something so useful for the old dungers..